Redemption Unit definition

Redemption Unit means the minimum number of Shares of a Fund that may be redeemed, which shall be the number of Shares of such Fund constituting a Creation Unit on the relevant Redemption Order Date.
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Redemption Unit means a multiple of 20,000,000 Units or of such other number of Units as may be determined by the Manager from time to time, with the prior approval of the Trustee;
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Redemption Unit means a multiple of 1,000,000 (one million) Units;
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Examples of Redemption Unit in a sentence

  • To receive payment of the Redemption Price for the Securities held by you, you must surrender your Securities to the Trustee at the following address: BY MAIL BY OVERNIGHT MAIL BY HAND The Bank of New York The Bank of New York The Bank of New York P.O. Box 11265 101 Barclay Street 101 Barclay Street Church Street Station Bond Redemption Unit Bond Redemption Unit Fiscal Agencies Dept.

  • East Syracuse, New York 13057 Attn: Bond Redemption Unit - Corporate Trust Operations Tel: 1-800-254-2826 Mueller Water Products, Inc.

  • The Sponsor from time to time may, but shall have no obligation to, establish procedures with respect to redemption of Baskets of Shares in lot sizes smaller than the Redemption Unit and permitting the Redemption Distribution to be in a form, and delivered in a manner, other than that specified in this Article IX.

  • In the event that an aggregation of iShares is incomplete on the settlement date for a Redemption Unit of iShares, the Fund will issue the Deposit Securities notwithstanding such deficiency in reliance on the undertaking of Participant to deliver the missing iShares as soon as possible, which undertaking shall be secured by such Participant's delivery and maintenance of collateral consisting of cash having a value at least equal to 125% of the value of the missing iShares.

  • Except as provided in the next two paragraphs, the Deposit Securities representing a Redemption Unit will be issued concurrently with the transfer of good title to Fund of the required aggregation of iShares through the NSCC's Continuous Net Settlement (CNS) system and the delivery of the Cash Component less the purchase transaction fee through the DTC.

  • The Sponsor from time to time may, but shall have no obligation to, establish procedures with respect to redemption of baskets of Shares in lot sizes smaller than the Redemption Unit and permitting the Redemption Distribution to be in a form, and delivered in a manner, other than that specified in Section 9.1.

  • The Redemption Price for a beneficial interest in a Note will be paid on or after the Redemption Date only upon presentation and surrender of such Note to the Trustee (which is also the Paying Agent) at the following address: The Bank of New York Mellon Trust Company, N.A., 111 Sanders Creek Parkway, East Syracuse, New York 13057 – Corporate Trust Operations, Redemption Unit.

  • The Redemption Price for a beneficial interest in a Note will be paid on or after the Redemption Date, subject to the satisfaction of the condition set forth in the prior paragraph, only upon presentation and surrender of such Note to the Trustee (which is also the Paying Agent) at the following address: The Bank of New York Mellon Trust Company, N.A., 111 Sanders Creek Parkway, East Syracuse, New York 13057 — Corporate Trust Operations, Redemption Unit.

  • The Redemption Price shall be payable on presentation and surrender of certificates representing the Trust Securities at the offices of The Bank of New York (New York) located at 101 Barclay Street, New York, New York 10286, Attention: Bond Redemption Unit - 7 East.

  • The Redemption Price for a beneficial interest in a Note will be paid on or after the Redemption Date only upon presentation and surrender of such Note to the Trustee (which is also the Paying Agent) at the following address: The Bank of New York, 111 Sanders Creek Parkway, East Syracuse, New York 13057 – Corporate Trust Operations, Redemption Unit.


More Definitions of Redemption Unit

Redemption Unit means 500,000 Units or such other number of Units as from time to time determined by the Manager, with the prior consultation of the Trustee;
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Redemption Unit means a block of pairs of Up Shares and Down Shares of a Fund, which shall be in the number of Shares of such Fund constituting a Creation Unit on the relevant Redemption Order Date.
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Redemption Unit has the meaning set forth in Article VI, Section 2(b);
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Redemption Unit means a multiple of 500,000 Units or such other multiple as from time to time determined by the Manager, with the prior approval of the Trustee and specified in this Prospectus;
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Redemption Unit means the specified number of ETF units determined by the management company, upon consultation with the trustee and clearly disclosed in the ETF’s prospectus, for redemption of the ETF’s portfolio.
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Related to Redemption Unit

  • Redemption Securities means any debt or equity securities of the Corporation, any Subsidiary or any other corporation or other entity, or any combination thereof, having such terms and conditions as shall be approved by the Board of Directors and which, together with any cash to be paid as part of the redemption price, in the opinion of any nationally recognized investment banking firm selected by the Board of Directors (which may be a firm which provides other investment banking, brokerage or other services to the Corporation), has a value, at the time notice of redemption is given pursuant to paragraph (d) of this Section 5, at least equal to the Fair Market Value of the shares to be redeemed pursuant to this Section 5 (assuming, in the case of Redemption Securities to be publicly traded, such Redemption Securities were fully distributed and subject only to normal trading activity).

  • Redemption Fee means the fee applied by us for the return of funds to an IBAN Account holder, or Cardholder following a request for redemption by an IBAN Account holder Cardholder under this Agreement, as specified in the attached Fees & Limits Schedule;

  • Redemption Fund means the Redemption Fund for Refunded Notes created pursuant to Section 501 hereof.

  • Redemption Notes means unsecured subordinated promissory notes of the Trust having a maturity date to be determined at the time of issuance by the Trustee (provided that in no event shall the maturity date be set at a date subsequent to the first Business Day following the fifth anniversary of the date of issuance of such note), bearing interest from the date of issue at a market rate of interest determined at the time of issuance by the Trustee, payable for each month during the term on the 15th day of each subsequent month with all principal being due on maturity, such promissory notes to provide that the Trust shall at any time be allowed to prepay all or any part of the outstanding principal without notice or bonus.

  • Tax Redemption The meaning specified in Section 9.3(a) hereof.

  • Final Redemption Settlement Date means the day that falls three Currency Business Days after the Final Redemption Date.

  • Optional Redemption Settlement Date means the second Valuation Date after the Optional Redemption Pricing Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • Redemption Basket means 100,000 Units or such other number of Units as may be determined by the General Partner from time to time, redeemed by a Participant.

  • Redemption Payment Date As defined in Section 13.1.

  • Redemption means with respect to any Debt, the repurchase, redemption, prepayment, repayment, defeasance or any other acquisition or retirement for value (or the segregation of funds with respect to any of the foregoing) of such Debt. “Redeem” has the correlative meaning thereto.

  • Optional Redemption Price means $25,000 per share plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) to the date fixed for redemption and excluding Additional Dividends plus any applicable redemption premium attributable to the designation of a Premium Call Period.

  • Redemption Amount means, as appropriate, the Final Redemption Amount, the Early Redemption Amount (Tax), the Optional Redemption Amount (Call), the Optional Redemption Amount (Put), the Early Termination Amount or such other amount in the nature of a redemption amount as may be specified in, or determined in accordance with the provisions of, the relevant Final Terms;

  • Redemption Event has the meaning set forth in Section 3.4.

  • Optional Redemption shall have the meaning set forth in Section 6(a).

  • Final Redemption Date means for each Series, the final redemption date specified in the Final Terms for such Series.

  • Minimum Redemption means, in relation to the Euro RDR ‘Retail’ Unhedged Accumulation Shares, a minimum redemption of €250 or such lesser amount as may be agreed by the Directors;

  • Call and Put Redemption Amount means GBP 1 per Preference Share.

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).

  • Mandatory Redemption Settlement Date means, in respect of a Mandatory Redemption Event, the day that falls three Currency Business Days after the day on which the Issuer has received payment in full from the Margin Loan Provider of the amounts payable in respect of the termination of the LS Margin Account Agreement.

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest on the Debenture and (c) all liquidated damages and other amounts due in respect of the Debenture.